Moody's upgrades Marriott's senior unsecured to Baa2; commercial paper to Prime-2
Moody's Investors Service ("Moody's") upgraded the ratings of Marriott International, Inc. ("Marriott") including its senior unsecured rating to Baa2 from Baa3 and its short term commercial paper rating to Prime-2 from Prime-3. At the same time, Moody's upgraded the unsecured rating of Starwood Hote...Marriott International is a worldwide operator, franchisor, and licensor of hotel, residential and timeshare properties under various brand names at different price and service points. The company has operations in the following reportable business segments: North American Full-Service, which includes the company's Luxury and Premium properties located in United States and Canada; North American Limited-Service, which includes the company's Select properties located in United States and Canada; and Asia Pacific, which includes all properties in the company's Asia Pacific region.
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